DOGAL SEPET: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DOGAL SEPET
Largest movements
- Receivables within one year +€72,877
up €72,877 (+161%), from €45,406 to €118,284
of which Trade receivables: +€49,415
- Cash +€35,632
up €35,632 (+117%), from €30,403 to €66,035
mainly Net result for the year (+€102,160) and Tax, wage and social debts (+€31,455)
- Tangible fixed assets -€4,874
down €4,874 (-29.5%), from €16,508 to €11,635
- Stocks and contracts +€4,003
up €4,003 (+19.5%), from €20,566 to €24,569
- Reserves +€102,160
up €102,160 (+166%), from €61,583 to €163,742
- Tax, wage and social debts +€31,455
up €31,455 (+172%), from €18,251 to €49,707
of which Taxes: +€21,766
- Other debts -€22,987
no longer reported in 2025 (was €22,987)
- Gross operating margin +€114,514
up €114,514 (+145%), from €78,989 to €193,503
- Staff costs +€44,494
new in 2025: €44,494
- Taxes +€15,355
up €15,355 (+99.7%), from €15,406 to €30,761
- Other operating charges +€5,772
up €5,772 (+1,210%), from €477 to €6,249
- Depreciation +€4,933
up €4,933 (+331%), from €1,492 to €6,425
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €113,797 | €223,439 | +€109,643 | +96.3% |
| Fixed assets | 21/28 | €16,508 | €11,635 | -€4,874 | -29.5% |
| Tangible fixed assets | 22/27 | €16,508 | €11,635 | -€4,874 | -29.5% |
| Furniture and vehicles | 24 | €16,508 | €11,635 | -€4,874 | -29.5% |
| Current assets | 29/58 | €97,289 | €211,805 | +€114,516 | +118% |
| Stocks and contracts in progress | 3 | €20,566 | €24,569 | +€4,003 | +19.5% |
| Stocks | 30/36 | €20,566 | €24,569 | +€4,003 | +19.5% |
| Amounts receivable within one year | 40/41 | €45,406 | €118,284 | +€72,877 | +161% |
| Trade receivables | 40 | €45,000 | €94,415 | +€49,415 | +110% |
| Other amounts receivable | 41 | €406 | €23,869 | +€23,463 | +5,773% |
| Cash at bank and in hand | 54/58 | €30,403 | €66,035 | +€35,632 | +117% |
| Deferred charges and accrued income | 490/1 | €913 | €2,916 | +€2,003 | +219% |
| Total equity and liabilities | 10/49 | €113,797 | €223,439 | +€109,643 | +96.3% |
| Equity | 10/15 | €62,583 | €164,742 | +€102,160 | +163% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €61,583 | €163,742 | +€102,160 | +166% |
| Distributable reserves | 133 | €61,583 | €163,742 | +€102,160 | +166% |
| Amounts payable | 17/49 | €51,214 | €58,697 | +€7,483 | +14.6% |
| Amounts payable within one year | 42/48 | €51,214 | €58,697 | +€7,483 | +14.6% |
| Trade debts | 44 | €9,976 | €8,990 | -€986 | -9.9% |
| Suppliers | 440/4 | €9,976 | €8,990 | -€986 | -9.9% |
| Taxes, remuneration and social security | 45 | €18,251 | €49,707 | +€31,455 | +172% |
| Taxes | 450/3 | €18,251 | €40,017 | +€21,766 | +119% |
| Remuneration and social security | 454/9 | - | €9,690 | +€9,690 | |
| Other amounts payable | 47/48 | €22,987 | - | -€22,987 | |
| Remuneration, social security and pensions | 62 | - | €44,494 | +€44,494 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,492 | €6,425 | +€4,933 | +331% |
| Other operating charges | 640/8 | €477 | €6,249 | +€5,772 | +1,210% |
| Non-recurring operating charges | 66A | - | €900 | +€900 | |
| Gross operating margin | 9900 | €78,989 | €193,503 | +€114,514 | +145% |
| Operating profit (loss) | 9901 | €77,021 | €135,435 | +€58,415 | +75.8% |
| Financial income | 75/76B | - | €25 | +€25 | |
| Recurring financial income | 75 | - | €25 | +€25 | |
| Financial charges | 65/66B | €32 | €2,539 | +€2,508 | +7,951% |
| Recurring financial charges | 65 | €32 | €2,539 | +€2,508 | +7,951% |
| Profit (loss) for the period before taxes | 9903 | €76,989 | €132,921 | +€55,932 | +72.6% |
| Income taxes | 67/77 | €15,406 | €30,761 | +€15,355 | +99.7% |
| Profit (loss) for the period | 9904 | €61,583 | €102,160 | +€40,577 | +65.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,583 | €102,160 | +€40,577 | +65.9% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.